USD/JPY edged higher to 153.87 last week but failed to sustain above 61.8% retracement of 161.94 to 139.57 at 153.39 and retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 55 D EMA (now at 148.96) holds. Sustained trading above 153.39 will pave the way to retest […]
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